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Morgan Stanley

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  • The Botkin Group, a team of brokers in Pittsburgh who produced $1.6 million in revenue last year for Morgan Stanley, went so far as to require non-disclosure agreements from contractors who made new signs, installed phones and delivered furniture to their new office. "We felt like we worked for the CIA," said Lester H. Botkin, 35, the youngest of the group, which also...

  • NEW YORK, April 1- Morgan Stanley's board boosted Chairman and Chief Executive James Gorman's compensation by one-third last year, saying the bank's performance was "strong" but had "room for continued progress," according to its proxy filing on Wednesday. Gorman was awarded $16 million for his work last year, up from $12 million in 2013. He is eligible to receive...

  • Final Glance: Banks companies Wednesday, 1 Apr 2015 | 5:56 PM ET

    Bank of America Corp. rose$. 02 or. 1 percent, to $15.41. Citigroup Inc. rose$. 10 or. 2 percent, to $51.62. Goldman Sachs rose $4.26 or 2.3 percent, to $192.23.

  • *Offering of 23 mln shares priced at $20/ share. April 1- GoDaddy Inc's shares rose as much as 34 percent in their debut on Wednesday following a $460 million initial public offering, as investors spotted a bargain in a company making a shift from Internet domains to small-business services. Etsy Inc, which operates a website that sells handmade goods and craft...

  • Midday Glance: Banks companies Wednesday, 1 Apr 2015 | 1:17 PM ET

    Bank of America Corp. fell$. 01 or. 1 percent, to $15.38. Citigroup Inc. rose$. 01 or percent, to $51.53. Goldman Sachs rose $1.99 or 1.1 percent, to $189.96.

  • After dry spell, Italy hails M&A boom Wednesday, 1 Apr 2015 | 11:54 AM ET

    LONDON, April 1- Megers and acquisitions in Italy in the first three months of 2015 are already double the value of such transactions for all of the previous year, with hungry investors encouraged by Prime Minister Matteo Renzi's reforms. Italy was the third most-targeted country in Europe in the first quarter of the year, accounting for 11.6 percent of European...

  • Early Glance: Banks companies Wednesday, 1 Apr 2015 | 10:23 AM ET

    Bank of America Corp. fell$. 09 or. 6 percent, to $15.31. Citigroup Inc. fell$. 37 or. 7 percent, to $51.15. Goldman Sachs fell$. 30 or. 2 percent, to $187.67.

  • Morgan Stanley said 62 percent of investors polled at its European financial industry conference said the negatives of having a global banking business outweighed the benefits as regulations had "become overbearing" for the largest firms. "We found it striking that some management teams are seeking to make their businesses simpler, and we believe investors...

  • US STOCKS-Futures flat at start of second quarter Wednesday, 1 Apr 2015 | 7:17 AM ET

    NEW YORK, April 1- U.S. stock index futures were little changed on Wednesday, with investors reluctant to keep pushing shares higher after both the S&P 500 and Nasdaq closed out their ninth straight quarter of advances. Key reports on manufacturing will be released after the market opens on Wednesday, while a report on private sector employment is due at...

  • GoDaddy shares debut with jump following high pricing Wednesday, 1 Apr 2015 | 6:25 AM ET

    The stock rose $6.15, or 31 percent, to $26.06 in morning trading, well above the IPO price of $20 per share. Overall, the Scottsdale, Arizona, company is offering 23 million shares and hopes to raise up to $460 million in the offering. The lead underwriters are Morgan Stanley& Co., J.P. Morgan Securities LLC and Citigroup Global Markets Inc..

  • Final Glance: Banks companies Tuesday, 31 Mar 2015 | 5:58 PM ET

    Bank of America Corp. fell$. 13 or. 8 percent, to $15.39. Citigroup Inc. fell$. 12 or. 2 percent, to $51.52. US Bank fell$. 12 or. 3 percent, to $43.67.

  • March 31- Etsy Inc, which operates a website that sells handmade goods and craft supplies, said its initial public offering was expected to be priced at $14- $16 per share. The company, which has 1.4 million active sellers and 19.8 million active buyers as of December, counts venture capital firm Accel Partners, Index Ventures, Union Square Ventures and hedge fund...

  • Midday Glance: Banks companies Tuesday, 31 Mar 2015 | 2:47 PM ET

    Bank of America Corp. fell$. 06 or. 4 percent, to $15.46. Citigroup Inc. fell$. 05 or. 1 percent, to $51.59. US Bank fell$. 06 or. 1 percent, to $43.73.

  • ATLANTIC CITY, N.J.— Morgan Stanley has cut its estimate of the potential U.S. It took in $135 million last year; Morgan Stanley initially forecast $678 million. Morgan Stanley forecasts the 2017 online market will be $410 million, down from an initial estimate of $1.3 billion.

  • The first quarter is typically the strongest period of the year for investment bank income, and revenues for the top firms in the three months is likely to be up 7 percent from a year ago, analysts at JPMorgan said this week. FX volatility is up 30 percent in G7 currencies and volumes with it, and higher rates volatility is leading to higher trading volumes and...

  • Greece worries drive euro down 1 pct on day. The euro has faced added selling pressure as Greece and its lenders have failed to strike a deal on reforms. "If we're looking at what's the next trigger point for another move lower for the euro, I think it will be Greece," said Ian Stannard, head of European FX strategy at Morgan Stanley in London.

  • Ouch! Here's Wall Street's next headache Tuesday, 31 Mar 2015 | 11:33 AM ET
    Trader on the floor of the New York Stock Exchange.

    Banks, looked to as a bright spot for the upcoming earnings season, might not live up to expectations, according to an analysis.

  • Early Glance: Banks companies Tuesday, 31 Mar 2015 | 10:29 AM ET

    Bank of America Corp. fell$. 07 or. 4 percent, to $15.46. Citigroup Inc. fell$. 28 or. 5 percent, to $51.36. Goldman Sachs fell $1.03 or. 5 percent, to $189.99.

  • *Uncertainty over May election to impact FTSE in near-term. *Two thirds of forecasters see FTSE at record high by end-2015. LONDON, March 31- Britain's top FTSE 100 equity index is expected to stutter in the run-up to May's national election but then recover to touch new record highs, a Reuters poll forecast.

  • *Greece worries drive euro down 1 pct on day. On Tuesday, though, investors focused on worries over whether Greece can secure financial aid before it runs out of cash in three weeks, pushing the euro down as much as 1 percent to $1.0713. Greece and its lenders had failed to reach an initial deal on reforms, officials told Reuters earlier on Tuesday.